EUR/USD calm as Greece misses IMF payment

EUR/USD opened Asia at 1.1153 after choppy trading through Tuesday as a result of conflicting headlines out of Greece. But overall the euro has been resilient as markets appear calm about a possible Grexit. Threw a little reaction to news that Greece missed a 1.6 billion euro payment to the IMF due yesterday. Big risk lies ahead on Sunday’s referendum. Until the results, it is unlikely that any talks or agreements will be made. Meanwhile, Greece has asked for a new bailout. Key data today will be Eurozone manufacturing PMI expected to come in at 52.5.

USD/JPY opened Asia at 122.50 after rising in the US session from 121.93. The pair traded in a very narrow 122.36-61 range during the Asian morning before dipping to 122.36 after the better than expected Japanese data on the Tankan index. But dip was short-lived. Heading into the afternoon session USD/JPY was idling at 122.45-50.

GBP/USD opened in Asia at 1.5705 and traded 1.5675-1.5715 in Asia. UK data today to watch out for will be on manufacturing PMI.

USD/CHF opened at 0.9352 and traded 0.9344-62 in Asia.
EUR/CHF opened in Asia at 1.0416 and traded 1.0405-18 in Asia.

AUD/USD opened at 0.7704 and traded between 0.7687-0.7739. There was initial weakness on the back of AUD/NZD. China PMI(s) did not have much impact on the AUD despite being weaker than expected. Mixed Australian building approvals were also summarily ignored.

The post EUR/USD calm as Greece misses IMF payment appeared first on Forex Circles.

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